Customs bonding

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Full Text of the Document

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....n case of units in Aquaculture, Horticulture, Floriculture, Granite quarrying etc exemption from bonding was given for administrative reasons with certain other safeguards being put in place to check that duty free benefits where availed are not abused. The EOUs were required to execute a multipurpose bond with surety/ security with jurisdictional Central Excise and Customs officers. [Refer Circu....